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MICHIGAN FACT SHEET
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Population
Per-capita income
Earnings per job
Poverty rate
Total number of jobs
Unemployment rate
Percent employment change
Farm & farm related jobs
Top export commodities
Farm characteristics
Farm financial indicators
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POPULATION, EMPLOYMENT, AND INCOME
State Metro Nonmetro
Population
1980 9,262,044 7,718,795 1,543,249
1990 9,295,277 7,697,643 1,597,634
Latest(1997) 9,773,892 8,078,107 1,695,785
Per-capita income (1996 dollars)
1995 24,335 25,572 18,413
1996 24,588 25,842 18,594
Change 1.0% 1.1% 1.0%
Earnings per job (1996 dollars)
1995 32,402 34,240 21,867
1996 32,337 34,174 21,809
Change -0.2% -0.2% -0.3%
Poverty rate
1980 10.4 10.1 12.0
1990 13.1 12.8 14.6
Latest(1995-96) 11.7 N/A N/A
Total Number of Jobs
1995 5,187,160 4,416,840 770,320
1996 5,285,586 4,499,957 785,629
Unemployment Rate
1996 4.9 4.4 7.1
1997 4.2 3.8 6.2
Percent employment change
1994-95 0.0 0.1 -0.6
1995-96 4.2 4.3 3.9
1996-97 2.3 2.2 2.9
Percent of 1995 employment in farm and farm related jobs:
Total 13.5 12.6 18.7
Production 1.8 1.2 5.3
Farm Inputs 0.2 0.2 0.3
Proc. & Mark. 0.9 0.9 1.1
Whol.& Retail 10.3 10.1 11.6
FARM CHARACTERISTICS
1992 Census of Agriculture
TOTAL LAND AREA (million acres) 36.4
TOTAL FARMLAND (million acres) 10.1
of total land area 27.8%
CROPLAND (million acres) 8.2
of total farmland 80.9%
irrigated 4.5%
in pasture 6.3%
in Fed. farm program 1.7%
in Conservation Reserve 1.6%
WOODLAND (million acres) 1.2
of total farmland 11.9%
in pasture 16.8%
PASTURELAND (million acres) 0.2
of total farmland 2.0%
OTHER LAND (million acres) 0.5
of total farmland 5.3%
AVERAGE FARM SIZE (acres) 217.0
FARMS BY SIZE
1 to 99 acres 48.8%
100 to 499 acres 40.2%
500 to 999 acres 7.7%
1,000 to 1,999 acres 2.7%
2,000 or more acres 0.7%
FARMS BY SALES
Less than $50,000 75.9%
$50,000 to $99,999 8.9%
$100,000 to $499,999 13.2%
More than $500,000 2.0%
TENURE OF FARMERS
Full owner (farms) 27,070
Percent of total 58.1%
Part owner (farms) 16,500
Percent of total 35.4%
Tenant (farms) 2,992
Percent of total 6.4%
FARM ORGANIZATION
Individuals/family corporations (farms) 41,948
Percent of total 90.1%
Partnerships (farms) 4,316
Percent of total 9.3%
Non-family corporations (farms) 137
Percent of total 0.3%
Others (farms) 161
Percent of total 0.4%
Avg. Operator Age (yrs.) 52
Perc. w/ farming as their 52.4%
principal occupation
FARM FINANCIAL INDICATORS
Farm Income and Balance Sheet Statement
Year 1995 1996
Number of farms 54,000 53,000
Million $
Final crop output 2,325.8 2,005.7
+ Final animal output 1,323.1 1,422.7
+ Services and forestry 354.3 387.6
= Final agricultural sector output 4,003.3 3,816.1
- Intermediate consumption outlays 2,080.9 2,049.0
+ Net government transactions (42.1) (85.0)
= Gross value added 1,880.3 1,682.2
- Capital consumption 531.9 532.0
= NET VALUE ADDED 1,348.3 1,150.2
- Factor payments 686.3 774.3
Employee compensation (total hired labor) 407.2 471.6
Net rent received by nonoperator landlords 49.0 60.4
Real estate and nonreal estate interest 230.1 242.3
= NET FARM INCOME 662.0 375.9
Farm Balance Sheet as of December 31: 1995 1996
FARM ASSETS 18,119.9 19,149.2
Real estate 12,851.9 13,856.5
Nonreal estate 5,267.9 5,292.7
FARM DEBT 2,722.3 2,850.7
Real estate 1,449.6 1,489.9
Nonreal estate 1,272.7 1,360.8
EQUITY 15,397.5 16,298.5
RATIOS Percent
Debt/equity 17.7 17.5
Debt/assets 15.0 14.9
TOP 5 AGRICULTURE COMMODITIES, 1996
% of State Tot. % of US
Commodity Farm Receipts Tot.Val.
1. Dairy products 22.1 3.5
2. Corn 13.1 2.2
3. Greenhouse and nursery 11.5 3.8
4. Soybean 9.6 2.1
5. Cattle and calves 6.3 0.7
All Commodities 1.8
TOP 5 AGRICULTURE EXPORTS, ESTIMATES, FY 1997
Rank Among
States Value
Commodity
Million $
1. Feed grains and products 12 191.0
2. Soybeans and products 12 181.5
3. Vegetables and preps. 7 136.4
4. Live animals and meat exc. poultry 14 94.6
5. Fruits and prep. 6 75.4
Overall 20 886.3
TOP 5 COUNTIES IN AGRICULTURAL SALES 1992
Percent of State's
Total Receipts Million $
1. OTTAWA 7.7% 232.9
2. HURON 6.0% 180.2
3. ALLEGAN 5.1% 154.0
4. SANILAC 3.9% 117.0
5. KENT 3.5% 106.0
State Total 3,028.5
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